On: A faster, more efficient cryptocurrency

[Scarblac]

The market has settled on gold? For money? What?

The market moved on to other forms of money centuries ago.

[Qasaur → Scarblac]

This is categorically false. The gold standard (albeit a reduced version of it established under the Bretton-Woods monetary regime) was abolished in the United States as recently as 1971. In Switzerland this link was abolished in the early 2000's AFAIK.

[sbenitoj → Qasaur]

It was only loosely linked to gold even at that point, fractional reserve banking has been going on for a long, long time!

[Scarblac → Qasaur]

Yes, but using it as a symbolic backing of fiat currency is not the same as using it as money.